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Third Amendment to Erie Indemnity Company Incentive Compensation Deferral Plan (Effective as of January 1, 2017), dated December 21, 2021
Contract Categories: Human Resources - Bonus & Incentive Agreements
EX-10.222 8 ex-1022212312021.htm EX-10.222 Document
THIRD AMENDMENT TO
ERIE INDEMNITY COMPANY
INCENTIVE COMPENSATION DEFERRAL PLAN
Effective as of January 1, 2017
WHEREAS, Erie Indemnity Company (the “Company”) maintains the Erie Indemnity Company Incentive Compensation Deferral Plan (the “Plan”); and
WHEREAS, Article Seven of the Plan provides that the Board of Directors of the Company (the “Board”) may amend or terminate the Plan; and
WHEREAS, the Company desires to amend Article Seven of the Plan to provide that the Executive Compensation and Development Committee of the Board may amend or terminate the Plan; and
WHEREAS, the Company’s Board of Directors approved the aforementioned amendment at its meeting on October 26, 2021 and reflected in the minutes thereto.
NOW, THEREFORE, the Company hereby amends Article Seven of the Plan to replace the reference to “Board” with a reference to “Committee”, effective as of October 26, 2021.
IN WITNESS WHEREOF, the Company has caused this Third Amendment to be executed this 21st day of December 2021.
|ERIE INDEMNITY COMPANY|
|/s/ Brian W. Bolash|
By: /s/ Gregory J. Gutting
Title: Executive Vice President & CFO